Download or read book Essays on Initial Public Offerings written by Hugh Monte Joseph Colaco and published by . This book was released on 2006 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the second essay, it is argued that the time following an amendment in which demand is revealed has a cost. So, why do some firms take longer than others to go public following the amendment? It is hypothesized that the delay to the offer results from overestimation of demand and risk. As a result, underpricing predicted at the amendment is not indicative of the final level of underpricing. The firm and its investors bear the costs of the delay. This study highlights the distinction between partial and full information and the costs associated with SEC requirements.

Download or read book Essays on Initial Public Offerings written by Laura Bernadette Field and published by . This book was released on 1997 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays Concerning Initial Public Offerings PHD written by William Arthur Reese (Jr.) and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Initial Public Offerings written by Cheolwoo Lee and published by . This book was released on 2008 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book 3 Essays Essays on Initial Public Offerings written by Qiming Wang and published by . This book was released on 2005 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Initial Public Offerings IPOs written by Yan Gao and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: There is some theoretical [Miller (1976)] and empirical [Diether, Molloy, and Scherbina (2002)] evidence in the literature that when investors disagree about he value of a stock the market price is likely to reflect the more optimistic view for less liquid stocks where short selling may be more costly. In the third chapter I show that this is true in the case of IPOs as well. I conjecture that issues that are relatively less liquid will exhibit more non-fundamental volatility. I measure non-fundamental volatility using cross-sectional and time-series regression methods suggested by Amihud and Mendelson (1987) and Damadaran (1993). I find that stocks with more non-fundamental volatility under-perform otherwise similar stocks in the long run (one to three years).

Download or read book Three Essays on Initial Public Offerings written by Matti Keloharju and published by . This book was released on 1992 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Initial Public Offerings and Market Information written by William C. Johnson and published by . This book was released on 2006 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Initial Public Offerings of Stock written by François Stanislas Degeorge and published by . This book was released on 19?? with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Initial Public Offerings written by M. Tastan and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in Initial Public Offerings written by Arik Ben-Dor and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this dissertation I examine the behavior of sophisticated investors in new equity issues.

Download or read book Essays on Initial Public Offering Underwriting written by Katrina Louise Ellis and published by . This book was released on 2000 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Empirical Essays on Initial Public Offerings written by Annika Reiff and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Two Essays on Initial Public Offerings written by Lei Yu (Ph. D.) and published by . This book was released on 2008 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Initial Public Offerings of Common Stock written by Andree-Anne J. Desmedt and published by . This book was released on 1991 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Initial Public Offerings Liquidity and Corporate Governance written by Saurav Roychoudhury and published by LAP Lambert Academic Publishing. This book was released on 2009-10 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is a compilation of three related essays on initial Public Offerings, liquidity, productivity growth and corporate governance. The first essay looks at the long run performance of initial public offerings (IPOs) in the United States relative to their liquidity profile. The book provides a liquidity based explanation for why certain IPOs underperform in the long run. The second essay relates corporate governance to a firm s productivity growth. Given technology and industry constraints, some firms are very efficient whereas others are not and some firms have much faster rates of innovation and productivity growth than others. The book seeks to provide an explanation by looking at the relationship between a firm s governance structures and total factor productivity. The third essay connects the first two essays. It looks at the differences in the long term performance of IPOs with strong and weak corporate governance.

Download or read book Initial Public Offerings and Real Estate Investment Trusts written by Sandra F. Holsonback and published by . This book was released on 2003 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Initial Public Offerings (IPOs) are financial vehicles whereby firms can raise capital through public markets. These vehicles increased in importance in the 1990's when financial institutions were reluctant to lend money, especially to young or unestablished firms. Private real estate companies, hampered by these tight credit markets, formed Real Estate Investment Trusts (REITs), a public entity. REIT IPOs trade on the same markets and are subject to the same SEC regulations as equity stocks, but the lack luster behavior of their initial stock offerings is opposite to large initial day returns exhibited by equity stocks. In proposing that underpricing is a strategy utilized by the firm and the underwriter, this study, comparing IPOs of four industries: retail, manufacturer of communication equipment, software development, and REITs, validates the theory of asymmetric information, whereby investors are compensated for risk through underpricing.